Private Profit Projects, Economics of Private River Power in BC

Public purchase orders issued to private power licensees to date will cost British Columbians more than $30 billion dollars. A number expected to climb dramatically.
BC’s public rivers and public rights are being abused as is the public electric utility.
British Columbians are guaranteeing the costs of completely unnecessary private power developments while lucky licensees reap forty years of publicly guaranteed profits.
Behind a veil of confidentiality BC’s public utility is continuing to issue forty year contracts to buy electricity from license holders possibly appointed by the Premier. Inclusive of green credits and upcoming carbon offsets the public pays $120.00 for a megawatt of electricity made from private facilities built with public money based on free energy sources that yield no public benefits.
Private river power from BC, as it is sold to the US, will fall under US energy security rules and the people of BC will be left without recourse. Generations of British Columbians will shoulder compound losses occurring through losing control of rivers and access to water and watersheds which are being devastated today by private river power projects without public or First Nations consultation although a few exceptions do exist.